3. The most recent IRS Statistics of Income, released in January 2016, measures four types of IRAs for 2013: Traditional IRAs, Simplified Employee Pension (SEP) plans, Savings Incentive Match Plan for Employees (SIMPLE), and Roth IRAs. Which type do you think had the highest end-of-year fair market value?

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✓Right answer!
According to the IRS, the 2013 year-end fair market value of traditional IRAs was $5.8 trillion. The total year-end value of all four types was $6.8 trillion. In addition to the value of the traditional IRAs, the remainder consisted of $348 billion in SEP plans, $94 billion in SIMPLEs, and $547 billion in Roth IRAs.

Sorry, wrong answer :(

Sorry, wrong answer :(

Sorry, wrong answer :(

Sorry, wrong answer :(

✓Right answer!
According to IRS statistics for tax year 2013, approximately 19.4 million taxpayers between the ages of 50-55 owned an IRA. Total ownership for ages 30-35 was approximately 19.1 million taxpayers.